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ENPH Enphase Energy, Inc.

Trailing twelve months to 2026-03-31 · as filed 2026-04-28, not restated
Technology

Scale

Market cap
$5.1bn
Revenue TTM
$1.4bn
Net income TTM
$135m
Free cash flow
$145m
Composite score
40.7
Sector rank
#1064

Valuation

P / E
37.9
EV / EBITDA
26.8
EV / sales
3.4
FCF yield
2.83%
Earnings yield vs 10-yr
-2.09pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
9.6%
EBITDA margin
12.7%
ROE
12.2%
ROIC
12.9%
Revenue growth
-1.6%

Insider activity, last 90 days

Net open-market
$-0.13m
Buyers
1
Sellers
1

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

As a result, the timing and structure of these safe harbor arrangements have contributed to increased variability in the timing of revenue recognition and cash flows between reporting periods. Results of Operations Net Revenues Three months ended June 30, 2026 and 2025 Net revenues decreased by $71.3 million, or 20%, in the three months ended June 30, 2026, as compared to the same period in 2025, driven primarily by a 40% decrease in IQ Batteries MWh shipped and product price decreases, partially offset by a 4% increase in microinverter units sold. …Enphase Energy, Inc., 10-Q, period ended 2026-06-30, filed 2026-07-28

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